Puravankara’s ₹2,300 Cr Bengaluru Expansion Unlocked

Puravankara Limited has acquired a 14.57-acre land parcel in Mandur, Budigere, Bengaluru, with an estimated gross development value (GDV) of approximately ₹2,300 crore, further strengthening its presence in the city’s rapidly expanding residential market.

The transaction comprises 7.92 acres secured through a joint development agreement (JDA) and 6.65 acres acquired outright by the company. The proposed residential development is expected to offer a total saleable area of nearly 1.8 million square feet.

Managing Director Ashish Puravankara said the acquisition is in line with the company’s strategy of consistently adding high-quality projects across key micro-markets while maintaining a disciplined growth approach. He added that the latest transaction increases Puravankara’s total developable landbank in Bengaluru to 25.61 million square feet.

South India CEO Mallanna Sasalu noted that the Budigere-Mandur corridor has emerged as a prominent residential micro-market driven by strong infrastructure development, proximity to major employment centres, and growing end-user demand. He highlighted the project’s connectivity to Whitefield, KR Puram, ITPL, the Outer Ring Road, and Kempegowda International Airport, making it an attractive destination for technology professionals and corporate employees.

The company also pointed out that Bengaluru’s eastern corridor is supported by well-developed social infrastructure, including schools, healthcare facilities, gated communities, and lifestyle amenities, offering residents a balance of urban convenience and peaceful living.

During FY26, Puravankara further expanded its Bengaluru project pipeline through several outright acquisitions and JDAs across Hennur Road, Anekal Taluk, Balagere in East Bengaluru, and KIADB Hardware Park. These additions together carry an estimated cumulative GDV of around ₹10,400 crore.

News by Rahul Yelligetti.